Niche Food Kiosk and Catering Company

Grand Rapids, Michigan

Asking Price: $99,999

Gross Income: $224,000

Cash Flow: $53,200

Real Estate: Not Disclosed

Inventory: Not Disclosed

FF&E: $25,000

Listing ID: #209843

Established: 2014

Employees: 5

Business Description

The highly-rated Company provides freshly made specialty food out of a well-located kiosk in RiverTown Crossings mall. The highly profitable Business has experienced rapid growth since its inception 4 years ago. The Company has very high customer satisfaction, which is shown by its extremely high ratings on Facebook and Google. The operation is efficiently run and requires only 3 to 5 employees. Currently, ownership spends 20 to 25 hours per week managing the Company. While the concept has been established, there are many opportunities available to significantly grow the Business.
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Business Details

Primary Business Category:Restaurants, Bars & Other Food Services

Location:Michigan

Metropolitan Area:Grand Rapids

Company Information

Year Established:2014

Home Based:No

Franchise:No

Relocatable:No

Number of Employees:5

Financial Information

Asking Price:$99,999

Gross Revenue:$224,000

Cash Flow:$53,200

EBITDA:$28,200

FF&E:$25,000

Seller Financing Available:Yes

Property Information

Facilities:

The Business operates out of a prime kiosk location inside RiverTown Crossings, a major West Michigan mall.

Growth & expansion opportunities:

Growth Opportunities include:
1) Grow Catering Business: The Company’s catering services are a very small part of the operations. There is significant opportunity to expand this side of the business.
2) Open More Locations: Since the concept has been established, new ownership could easily expand by opening more locations are franchising.
3) More Active Owner: Current ownership spends up to 25 hours per week managing the Company. A more active and growth-centric owner could easily find additional opportunities to grow the Business.

Competition:

Investment Opportunities include:
1) Prime Location: Located inside RiverTown Crossings mall gives the Company access to a huge customer base.
2) Impressive Sales Growth: The Company has grown almost 20% since its first year in operation.
3) Efficient, Straightforward Business Model: The food offering is simple, but in high demand and the operations do not require many employees.
4) High Customer Satisfaction: The Company has raving fans shown by the fantastic reviews and ratings online. These posts help promote the brand and entice new visitors. High customer satisfaction also correlates closely with repeat business.